Astrotech Corporation Appoints Eric Stober as Chief Financial Officer
November 14 2013 - 5:05PM
Astrotech Corporation (Nasdaq:ASTC) today announced that it has
appointed Eric Stober as Chief Financial Officer ("CFO") of the
Company. Mr. Stober's appointment is effective as of November 14,
2013.
"The Board is delighted to promote Mr. Stober to Chief Financial
Officer," stated Thomas B. Pickens III, Chairman and Chief
Executive Officer of Astrotech Corporation. "I have worked with Mr.
Stober since 2008 and have found him to be hard working,
trustworthy, competent and knowledgeable. Management and the
Board of Directors are excited to promote Eric to this position as
he has excelled in every position held over the last five and a
half years."
Mr. Stober joined Astrotech Corporation in August of 2008 as a
Senior Staff Financial Analyst. In the same year, he was
promoted to Principal Financial Analyst and from 2012 to the
present, Mr. Stober served as Vice President of Corporate
Development. Mr. Stober brings 14 years of experience in
private equity, finance and business start-ups. Prior to
joining Astrotech Corporation, he worked at the private equity firm
Virtus Financial Group, analyzing prospective middle market private
equity investments. Additionally, Mr. Stober founded or
co-founded several companies, including a web advertising company,
a small business tax and financial advisory firm, a sports-based
media and entertainment company, and a service provider sourcing
company. He has helped numerous companies prepare business
plans and raise start-up or growth capital. Mr. Stober began
his professional career working for both The Ayco Company, a
Goldman Sachs company, and Lehman Brothers, where he helped wealthy
individuals and families manage their investments, taxes,
insurance, estate plans, and compensation and benefits.
Mr. Stober has an MBA from the McCombs School of Business at the
University of Texas where he was the President of the MBA
Entrepreneur Society. He also has an undergraduate degree in
finance from the University of Illinois where he graduated with
honors.
"I am honored to assume the role of CFO," said Mr. Stober. "It
has been exciting to see the opportunities at Astrotech Corporation
develop over the years and I look forward to continuing my
contribution to our culture of adding value for our
shareholders."
About Astrotech Corporation
Astrotech is one of the first space commerce companies and
remains a strong entrepreneurial force in the aerospace industry.
We are leaders in identifying, developing and marketing space
technology for commercial use. Our ASO business unit serves our
government and commercial satellite and spacecraft customers with
pre-launch services on the eastern and western range.
1st Detect Corporation is developing what we believe is a
breakthrough miniature mass spectrometer, the MMS-1000™, while
Astrogenetix, Inc. is a biotechnology company utilizing
microgravity as a research platform for drug discovery and
development.
CONTACT: Astrotech Corporation
401 Congress, Suite 1650
Austin, Texas
512.485.9530
fax: 512.485.9531
www.astrotechcorp.com
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